Technology

OpenAI introduces AI model that turns text into video

Feb 15 (Reuters) - Microsoft-backed OpenAI is working on a software that can generate minute-long videos based on text prompts, the company said on...

CBN Requires Electronic Payouts for PTA and BTA, Bans Cash Transactions

The Central Bank of Nigeria (CBN) has instructed dealer banks to facilitate the payout of Personal and Business Travel allowances (PTA/BTA) exclusively through electronic...

Sanwo-Olu Launches Lagos Market Trader Money, Distributes N750M to 15,000 Beneficiaries

Governor Babajide Sanwo-Olu of Lagos State has fulfilled his promise to market traders by inaugurating the distribution of N750 million under the "Lagos Market...

eNaira adoption surges as value in circulation rises 302% to N10bn

February 13, 2024. Azonuchechi Chukwu. The value of eNaira in circulation rose by 302 per cent in nine months to N10.26 billion at the end of September reflecting...

Nigeria’s Cashless Transactions Surge by 54.6% in 2023

Surpassing N611.06 Trillion in 2023 In a notable shift towards digital financial solutions, cashless transactions in Nigeria witnessed a substantial uptick, soaring to N611.06 trillion...

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